( MENAFN - Dubai PR Network - )Export and re-exports bound for Latin American markets up 69% y-o-y in first quarter of 2021, according to new data released by Dubai Chamber.
- Brazil accounted for the largest share of issued certificates of origin in Q1, or 36%, followed by Mexico with 26%.
- Untapped export potential in UAE exports to Latin America estimated at over $545 million a year.
Dubai, UAE: The value of Dubai Chamber members exports and re-exports to Latin America surged 69% to reach a record $60.5 million in the first quarter of 2021, a trend supported by increased activity among companies in Dubai that are already trading with the region.
Dubai Chamber members see rebound in Latin America-bound exports in Q1
The value of Dubai Chamber members’ exports and re-exports to Latin America surged 69 per cent to reach a record $60.5 million in the first quarter of 2021, a trend supported by increased activity among companies in Dubai that are already trading with the region.
New data released Dubai Chamber of Commerce and Industry indicated that the increase in Latin America-bound shipments among members reflected a long-term trend rather than a Covid-led rebound as the declared value of COOs increased at a compound annual growth rate (CAGR) of 17.4 per cent since Q1-2016.
Latin America-bound exports of Dubai Chamber members see rebound in Q1-2021
DUBAI, 25th April, 2021 (WAM) The value of Dubai Chamber members’ exports and re-exports to Latin America surged 69 percent to reach a record $60.5 million in the first quarter of 2021, a trend supported by increased activity among companies in Dubai that are already trading with the region.
New data released by the Dubai Chamber of Commerce and Industry indicated that the increase in Latin America-bound shipments among members reflected a long-term trend, rather than a Covid-led rebound, as the declared value of Certificates of Origin increased at a compound annual growth rate of 17.4 percent since Q1-2016.
Dubai Chamber members see rebound in Latin America-bound exports in Q1 reporters@khaleejtimes.com Filed on April 25, 2021
Mexico stands to offer the highest growth potential for UAE exporters in Latin America with an estimated $174 million worth of potential exports that could be realised in the near term. File photo
Untapped export potential in UAE exports to Latin America estimated at over $545 million a year
The value of Dubai Chamber members’ exports and re-exports to Latin America surged 69 per cent to reach a record $60.5 million in the first quarter of 2021, a trend supported by increased activity among companies in Dubai that are already trading with the region.
DCCI members see rebound in Latin America-bound exports in Q1
2 hours ago Untapped export potential in the UAE exports to Latin America estimated at over $545 million a year. The value of Dubai Chamber members’ exports and re-exports to Latin America surged 69 per cent to reach a record $60.5 million in the first quarter of 2021, a trend supported by increased activity among companies in Dubai that are already trading with the region.
New data released Dubai Chamber of Commerce and Industry indicated that the increase in Latin America-bound shipments among members reflected a long-term trend rather than a Covid-led rebound as the declared value of COOs increased at a compound annual growth rate (CAGR) of 17.4 per cent since Q1-2016.